Start with the enquiry form at the top of this page, or contact our team directly. You’re telling us what your business needs, not applying to the Growth Guarantee Scheme, which isn’t something a business can apply for directly.
We’ll discuss:
- How much funding you need (£1,000 – £2 million)
- What the funding will be used for
- Your business situation and trading history
- Your timeline
This helps us understand your requirements and identify which lenders are the right fit, including accredited lenders who may be able to apply Scheme support.
This is where Funding Bay does the heavy lifting. Our role is to introduce you to the right lenders and support you through their process. We don’t decide whether Scheme support applies.
- Analyse your business financials and requirements
- Match you with the most suitable lenders from our panel of 70+ lenders
- Package your application professionally – Prepare all necessary documentation
- Submit your application to selected lenders on your behalf
You don’t submit anything directly to lenders – we handle all of that for you. We’ll guide you on which documents we need (typically 2 years of accounts, bank statements, ID, and business plan details).
We’ll also be straight with you about whether GGS is the right route. Sometimes an unsecured business loan, a secured business loan or a revolving credit facility is a better fit, and we’ll say so.
Once we’ve submitted your application, lenders conduct their assessment. This includes deciding whether the facility can be offered on commercial terms, or whether Scheme support applies.
Processing times depend on your loan amount:
- Under £50,000: Typically 1-3 weeks
- £50,000 – £500,000: Typically 3-5 weeks
- Over £500,000: Typically 5-8 weeks
During this period, lenders review your business financials, credit history, and funding purpose. If lenders need any additional information, we handle all communication with them – you deal only with Funding Bay throughout the entire process.
Based on Funding Bay’s own application data. Timings depend on the lender, your documentation and the complexity of the proposal, and are not guaranteed.
The accredited lender makes the decision. We can’t approve or decline an application, and no outcome is guaranteed.
IF APPROVED:
We’ll present the formal offer and explain the interest rate, fees, repayment terms and any conditions in plain English. Once you accept, funds typically reach your account within three to five working days.
IF NOT APPROVED:
We’ll explain the lender’s reasoning and look at alternative options across our panel. We often find a suitable alternative when one route doesn’t work out.
How we’re paid:
Funding Bay is an FCA authorised and regulated finance broker (Reg. No. 950847). If you enter into an agreement with a lender we introduce you to, we may receive a commission or other benefit from that lender. We’ll tell you about any fees before you commit to anything.
